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greece will receive $17 billion in emergency fund big july the 15th. protests turned violent last week after parliament added new austerity measures including new pay cuts for public workers to secure the funds from the eu. >>> a study says people are adding more to their retirement nest eggs, the savings rose about $18 trillion in the last quarter according to the company institute. that's up 10% from the same time last year and just below the record high in 2007. >>> president obama's housing chief says buy now. housing and urban development secretary shaun donovan says housing prices have hit rock bottom and believes we'll get back to time when homes are a good investment. >>> the hacker group unanimous stealing passwords of apple employees. anonymous tweeted and posted the hack info on its website. no customers information was stolen. cnn's calls to apple have not been returned. >>> "american morning" right back after the break. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's
greece will receive $17 billion in emergency fund big july the 15th. protests turned violent last week after parliament added new austerity measures including new pay cuts for public workers to secure the funds from the eu. >>> a study says people are adding more to their retirement nest eggs, the savings rose about $18 trillion in the last quarter according to the company institute. that's up 10% from the same time last year and just below the record high in 2007. >>>...
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Jul 25, 2011
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, no greece has a financial crisis. america has a financial crisis that is exacerbated by a remarkable political crisis. let's continue this conversation. our next guest knows a thing or two about hard economic times, margaret hoover grandfather, herbert hoover, who presided over the great depression. worked on two presidential campaigns, with us to discuss the debt talks and hardline taken by some conservatives and tea party members in this debt negotiation and written a book called "american individual i will, a new generation -- how a new generation of conservatives can save the republican party." we are joined by democratic strategist kiki mcclain, in washington. i'm going to start with you, this is a no spin zone. can we say that? is that a different network? >> don't say that now. >> no political spin here. no bumper stickers, no partisan talk. you're great at this. how does this end? >> i can't tell you right now because it's a moving target. here's what's fascinating to me about this, ali, you guys are right abo
, no greece has a financial crisis. america has a financial crisis that is exacerbated by a remarkable political crisis. let's continue this conversation. our next guest knows a thing or two about hard economic times, margaret hoover grandfather, herbert hoover, who presided over the great depression. worked on two presidential campaigns, with us to discuss the debt talks and hardline taken by some conservatives and tea party members in this debt negotiation and written a book called...
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Jul 5, 2011
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. >>> economists say default by a european country like greece ranks as the scariest risk to the u.s. economy. a close second is another oil price shock like the one following turmoil. >>> a new report says pay for top american executives back on the rise nearing pre-recession levels according to 0 a study for "the new york times." the median pay for big company executives last year, $10.8 million. that's a 23% gain from 2009. just in time for blt season, bacon prices expected to sizzle this summer. tighter hog population is pushing bacon and other pork product prices higher. hot temperatures are also hurting supplies and that's increasing prices, too. for the latest news about your money, check out the all-new n cnnmoney.com. verizon claims its 4g lte is twice as fast as at&t. we're putting them to the test against the speed of a rescue unit. go ! they're downloading a music album. the first network to finish gets rescued. does your phone know that we're racing ? done ! verizon's done ! i've got seven left ! the fastest network in america. verizon. built so you can rule the air. now
. >>> economists say default by a european country like greece ranks as the scariest risk to the u.s. economy. a close second is another oil price shock like the one following turmoil. >>> a new report says pay for top american executives back on the rise nearing pre-recession levels according to 0 a study for "the new york times." the median pay for big company executives last year, $10.8 million. that's a 23% gain from 2009. just in time for blt season, bacon...
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Jul 21, 2011
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greece is back in the spotlight today. european officials gathering for an emergency meeting in brussels this morning. top on the agenda, debt crisis in greece and how to prevent financial problems there from spreading to other countries in europe like italy and pain. quarterly earnings coming out before the opening bell this morning. at&t, nokia, pepsi, continental, us airways all on the list. later today, after the closing bell, microsoft will release the earnings report for this last quarter. the federal reserve is slapping wells fargo with an $85 million fine. the bank is accused of falsifying loan applications and pushing customers with good credit into expensive mortgages when they actually qualified for better rates. wells fargo agreed to pay the fine but did not admit to any wrongdoing. the federal trade commission says failed mortgage lender countrywide overcharged more than 450,000 borrowers when they fell behind on their mortgage borrow borrowers. "american morning" is right back after this with the last ever la
greece is back in the spotlight today. european officials gathering for an emergency meeting in brussels this morning. top on the agenda, debt crisis in greece and how to prevent financial problems there from spreading to other countries in europe like italy and pain. quarterly earnings coming out before the opening bell this morning. at&t, nokia, pepsi, continental, us airways all on the list. later today, after the closing bell, microsoft will release the earnings report for this last...
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Jul 15, 2011
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after turkey, secretary clinton visits greece, then india, then indonesia and then china. all of that over the next 12 days. >>> what is next for casey anthony? we know she's getting out of jail on sunday after three years. she walks out a free woman and anthony may be a rich woman after her release. there is speculation surrounding how she'll sell her story and for how much. >> meantime she's received a number of death threats as well fueling a lot of concern about her safety. joining us now, legal contributor for "in session" on trutv, sunny hostin following that case, knee deep in the case is a better way to put it. she'll walk out the door. at that point does the legal responsibility for casey anthony's safety sort of end with the authorities who have been holding her? you're gone, you're on your own? absolutely. >> good luck. >> it really does. i mean certainly when an inmate is in prison, prison officials are responsible for their safety. but realistically, once she's released into the public she's on her own. i will say this, usually defendants are released, you kno
after turkey, secretary clinton visits greece, then india, then indonesia and then china. all of that over the next 12 days. >>> what is next for casey anthony? we know she's getting out of jail on sunday after three years. she walks out a free woman and anthony may be a rich woman after her release. there is speculation surrounding how she'll sell her story and for how much. >> meantime she's received a number of death threats as well fueling a lot of concern about her safety....
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that's on good news out of greece and a positive economic report in the midwest. >>> lots nuf economic figures coming out today focusing on manufacturing data. a report releasing at 10:00 a.m. eastern, investors looking to that number to signal whether the economy has been shrinking or growing. >>> former federal reserve chairman alan greenspan made comments of the current administration. speaking on cnbc he said the stimulus plan didn't work and on greece greenspan says a default is likely and will affect the structure of profitability in the united states. >>> some state parks closing for the holiday weekend due to state budget cuts. higher fees and reduced hours at some parks, arizona, virginia, california, some of the states opting to make cuts to the programs. "american morning" right back after the break. sweetie i think you need a little extra fiber in your diet. carol. fiber makes me sad. oh common. and how can you talk to me about fiber while you are eating a candy bar? you enjoy that. i am. [ male announcer ] fiber beyond recognition. fiber one. a network of possibilities. in
that's on good news out of greece and a positive economic report in the midwest. >>> lots nuf economic figures coming out today focusing on manufacturing data. a report releasing at 10:00 a.m. eastern, investors looking to that number to signal whether the economy has been shrinking or growing. >>> former federal reserve chairman alan greenspan made comments of the current administration. speaking on cnbc he said the stimulus plan didn't work and on greece greenspan says a...
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Jul 22, 2011
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. >>> european leaders reaching a deal for a second bailout package for greece late yesterday. $157 billion u.s. dollars, that's how muched plan is worth. news of the agreement pushed u.s. stocks higher and world markets were higher overnight as a result as well. >>> verizon reported strong earnings for the last quarter. earlier this morning, general electric announced its earnings beat wall street's expectations as well. caterpillar and mcdonald's also expected to report before the opening bell at 9:30. >>> the justice department reportedly preparing subpoenas as part of its investigation of news corporation. the "wall street journal" owned by news corp. reports the subpoenas would seek information about the alleged phone hacking of september 11th victims here in the u.s. and other issues related to the scandal. >>> u.s. taxpayers likely lost $1.3 billion in the bailout of chrysler. the treasury department says it sold its last stake to fiat for more than half a billion dollars. this marks the end of the 2009 bailout part of the troubled asset relief program for t.a.r.p. >>> "american morn
. >>> european leaders reaching a deal for a second bailout package for greece late yesterday. $157 billion u.s. dollars, that's how muched plan is worth. news of the agreement pushed u.s. stocks higher and world markets were higher overnight as a result as well. >>> verizon reported strong earnings for the last quarter. earlier this morning, general electric announced its earnings beat wall street's expectations as well. caterpillar and mcdonald's also expected to report...
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Jul 6, 2011
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i have to think what happened in greece, the greek parliament they had to make a decision because they were sqesed into it to say it doesn't matter what the constituents think at this point. really only one road out of this. >> i think the real issue here is it has to be a bipartisan deal. i'm not sure the republican base is ready to commit that. the fact doing these difficult deals requires in america, requires people to reach across the aisle and for each party to have their fingerprints all over the result. >> i think i agree with you there. practically speaking, we have 27 days and isn't 27 days to make a decision but 27 days to make a decision and get the enabling legislation in place. practically speaking, what will move them? what is the thing that is going to cause republicans to come in and say, let's get this done? is it obama inviting them to the white house tomorrow? >> i don't think it's going to be obama inviting them to the white house. he hasn't had a lot of success with that move in the past. i think it's either going to be this is a negotiating strategy, they are basi
i have to think what happened in greece, the greek parliament they had to make a decision because they were sqesed into it to say it doesn't matter what the constituents think at this point. really only one road out of this. >> i think the real issue here is it has to be a bipartisan deal. i'm not sure the republican base is ready to commit that. the fact doing these difficult deals requires in america, requires people to reach across the aisle and for each party to have their...
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Jul 27, 2011
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things are not a is dire as greece, portugal, some of the debt laden countries there. this is a politically default. china, for example is the largest holder of our debt and not in our best interest tick them off probably. this does not bode well if we can't get our act together and play nice and do what is nice for the country. >> paul on why a downgrade would matter to you each if there isn't a default overall on our bonds. thanks so much. >> thank you. >> a good distinction. >> voters jamming the switchboards and crashing servers on capitol hill demanding that lawmakers figure out a way to solve the debt ceiling crisis. the phones in john boehner's office were twice as busy with hundreds of callers waiting on hold for nearly an hour to leave a message. cnn surveyed web sites of 279 members of congress and found 104 of them were crashed or sputtering. there are reports that the white house switchboard was so overwhelmed with calls it shut down during parts of the day yesterday. >> we want to know. what would you tell your elected representative? e-mail us, give us a
things are not a is dire as greece, portugal, some of the debt laden countries there. this is a politically default. china, for example is the largest holder of our debt and not in our best interest tick them off probably. this does not bode well if we can't get our act together and play nice and do what is nice for the country. >> paul on why a downgrade would matter to you each if there isn't a default overall on our bonds. thanks so much. >> thank you. >> a good...
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Jul 29, 2011
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some of the euro zone's larger economy after we saw the wrangling about debating, whether to award greece a second bailout, that has now been resolved, but the eye of the storm now focuses on spain. that's got the euro down and everybody heading towards the swiss franc. >> nina, the bottom line, on monday morning and we're talking and i see you wearing green we should be a little happier about the whole operation. >> i'm going to be dusting out my wardrobe now, ali. ever the optimist. >> thanks so much. >>> a texas judge has granted polygamous leader warren jeffs' request to defend himself in supreme court. wh -- court. he objected to the trial proceedings and sat silently. charged with two counts of sexual assault on a child and one count of bigamy. >>> a former yankee pitcher has been found dead in a suburban los angeles home. the 42-year-old japanese star by all indicatings committed suicide. expectations were high for him when he left japan and burst on the scene in 1997. his career flamed out a few years later. >>> amy winehouse's family believes the singer died from sudden alcohol w
some of the euro zone's larger economy after we saw the wrangling about debating, whether to award greece a second bailout, that has now been resolved, but the eye of the storm now focuses on spain. that's got the euro down and everybody heading towards the swiss franc. >> nina, the bottom line, on monday morning and we're talking and i see you wearing green we should be a little happier about the whole operation. >> i'm going to be dusting out my wardrobe now, ali. ever the...
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Jul 12, 2011
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we talk about pigs, portugal, ireland, greece and spain, but italy is the third largest economy in europe and their percentage of debt to gdp or however that goes is pretty troubling. >> they just need somebody to start moving out of this thing and we're not seeing that. we're seeing more countries getting into it and that affects us here. >>> one key player in all of this discussion, world markets and, of course, our debt and deficit talks here at home, timothy geithner, the treasury secretary. the treasury pulled off a few financial tricks i guess you could say to keep us from hitting the debt limit back in may. geithner is expected to speak today in a little over two hours from now. we'll see if he has anything to say about the ongoing crisis this morning. >> the partisan sdifds is getting only deeper with each talks. the president and hill leaders have agreed to meet today, with only 22 days until the nation is unable to make its payments because of the debt ceiling. the president says it's more like eight days really because the way things move in washington they need the time to put
we talk about pigs, portugal, ireland, greece and spain, but italy is the third largest economy in europe and their percentage of debt to gdp or however that goes is pretty troubling. >> they just need somebody to start moving out of this thing and we're not seeing that. we're seeing more countries getting into it and that affects us here. >>> one key player in all of this discussion, world markets and, of course, our debt and deficit talks here at home, timothy geithner, the...
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Jul 14, 2011
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there are a lot of reasons we are not in greece. let's talk about august 3. there's a lot of discussion what happen it is we don't raise the debt ceiling. i want to put this to you. this comes from the bipartisan policy center that this government because it runs in debt doesn't have a lot of extra pocket change. on august 3, money comes in is about $12 billion. the social security payments alone do that day are $23 billion as a total of $32 billion due that day. are you okay with being in that position? whether or not you completely agree with that math, are you comfortable with being in that position? >> look, is there going to be political -- some uncomfort politically speaking? certainly there will be that. is it a default? no. there will be enough money to meet the debt holders. there have to be priorities and decisions made. again, keep your eye on the ball. the ball is the bug problem that's coming. again, everyone knows we are headed for real problems. can you not sustain this. while i don't want a problem to come on august 3rd, ideally we get the rig
there are a lot of reasons we are not in greece. let's talk about august 3. there's a lot of discussion what happen it is we don't raise the debt ceiling. i want to put this to you. this comes from the bipartisan policy center that this government because it runs in debt doesn't have a lot of extra pocket change. on august 3, money comes in is about $12 billion. the social security payments alone do that day are $23 billion as a total of $32 billion due that day. are you okay with being in that...